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if you observe the evolution of the sterling at the time when the industrial revolution was over and europe had gone through massive wars that took time but gradually eroded -- >> in 1945 suddenly one day it was over, right, for the sterling and dollar replaced it? >> yeah. >> if that would have happened, would it be the euro or yuan? >> no idea. as i said, those are long-term movements. it does not -- unless lr very, very harsh circumstances of the kind you referred to the second world war, it happens over time. and we need to make sure it does happen over time so there is a level of stability and not the excessive volatility that is not good for markets. >> you spoke in a speech at the council on foreign relations this week about the united states and its economic problems and you point out that the united states is going through a jobless recovery. you pointed out that this is another jobless recovery because the last one most people don't realize, the one in the early 2,000s was also a jobless recovery. do you have a sense as to why america seems to have gotten under this new mod
if you observe the evolution of the sterling at the time when the industrial revolution was over and europe had gone through massive wars that took time but gradually eroded -- >> in 1945 suddenly one day it was over, right, for the sterling and dollar replaced it? >> yeah. >> if that would have happened, would it be the euro or yuan? >> no idea. as i said, those are long-term movements. it does not -- unless lr very, very harsh circumstances of the kind you referred to...
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since 1960 the debt ceiling has been raised 78 times. my basic point is that this is a crisis we have manufactured out of whole cloth. we have created the circumstances in which the world now doubts our credibility, rating agencies are thinking of downgrading our debt, and the dollar's role as the world's reserve currency could be jeopardized. please understand that none of these things are happening because the united states is running deficits. there was no indication by any measure that the united states was having difficulty borrowing money one month ago. in fact, the world has been lending money to the united states more cheaply than ever before. we face downgrades and uncertainly and investor panic not because of our deficits but because we are behaving like debt beats, refusing to pay our bills, pouting while the bill collector waits at the door. we do have a large deficit and a large debt, and we do need to get it under control. and the fact that the tea party has raised awareness of this issue is admirable. i actually happen to
since 1960 the debt ceiling has been raised 78 times. my basic point is that this is a crisis we have manufactured out of whole cloth. we have created the circumstances in which the world now doubts our credibility, rating agencies are thinking of downgrading our debt, and the dollar's role as the world's reserve currency could be jeopardized. please understand that none of these things are happening because the united states is running deficits. there was no indication by any measure that the...
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amendment to the constitution through the senate at this time. now, maybe after the senator is defeated in the next election and we get rid of a lot of -- maybe that will happen. but certainly let's not tell the american people that that is a possibility today, because i think it raises their expectations in a way that's not fair to them and frankly detracts from what i think is being done as we speak between the leaders, the president, democrat leaders and republican leaders, which is in a very shor time frame. go ahead. >> i would just say it pains me to say that i agree with the senator from arizona, but i do. we both feel that threatening the debt creeling is not in the best interests of the united states, an both of us feel that holding out the threat that if you dope pass a constitutional amendment, you can't let the economy continue, is really not a good-faith barer gain. i wish senator byrd were here to respond to that particular suggestion. as for my prospects in the next election, i thank the senator from arizona for campaigning against
amendment to the constitution through the senate at this time. now, maybe after the senator is defeated in the next election and we get rid of a lot of -- maybe that will happen. but certainly let's not tell the american people that that is a possibility today, because i think it raises their expectations in a way that's not fair to them and frankly detracts from what i think is being done as we speak between the leaders, the president, democrat leaders and republican leaders, which is in a...
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we're not going to have a default for the first time in our 235-year history. we're not going to have job-killing tax increases. we're going to deal with the problem, which is that the government has been spending too much. we don't think they have this problem because we've been taxing too little. we've been spending too much. i think we're very close to being in a position where hopefully i can recommend to my members they take a serious look at it and support it. >> and get it done when? >> soon. >> today? >> soon. >> okay. >> we're aware that august 2nd is a date of some significance. >> right. let me walk you through an outline of this potential deal. there's been an awful lot of reporting from cnn and elsewhere about what it contains. first the size of the package. over $2 trillion. yes? >> the entire package? >> the entire package. $2.4 trillion. >> what we're looking at is a $3 trillion package, a combination of discretionary cuts, both cuts now, caps over the next ten years, the whole spending in line, and then we're also going
we're not going to have a default for the first time in our 235-year history. we're not going to have job-killing tax increases. we're going to deal with the problem, which is that the government has been spending too much. we don't think they have this problem because we've been taxing too little. we've been spending too much. i think we're very close to being in a position where hopefully i can recommend to my members they take a serious look at it and support it. >> and get it done...
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at the same time, 14 million americans are out of work. why has that problem largely, i say largely, slipped off the media radar screen? >> i think mostly because we cover what is right before our eyes. we cover a deadline for a journalist, as you know, is something we love and we're built for. >> adrenaline. >> also, i think part of it is, the debt ceiling debate is something that's being fought by people who journalists talk to all the time. joblessness is happening in this country outside the coasts, outside the places where journalists gather. part of what's happening is there are two americas, journalists belong to elite america, not main street america where i agree with you, joblessness is the number one issue. >> also a slow motion crisis, and it's been with us for well over a couple years. a lot of people out of work in the long-term. i just wish we invested more energy in telling that story, people who worked their whole lives and now are unable to find work. also it seems to me because we're driven by deadlines, as you say, ther
at the same time, 14 million americans are out of work. why has that problem largely, i say largely, slipped off the media radar screen? >> i think mostly because we cover what is right before our eyes. we cover a deadline for a journalist, as you know, is something we love and we're built for. >> adrenaline. >> also, i think part of it is, the debt ceiling debate is something that's being fought by people who journalists talk to all the time. joblessness is happening in this...
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if you observe the evolution of the sterling, for instance, at the time when the industrial revolution was over and europe had gone through massive wars, that took time, but gradually it's roaded. >> and in 1945 one day suddenly it was over for the sterling and the dollar replaced it. >> yeah. >> if that were to happen, would it be the euro or the yuan that would replace it? >> no idea. as i said, those are long-term movements unless there are very, very harsh circumstances of the kind you referred to, the second world war. it happens over time. we need to make sure it does happen over time so there is the level of stability and not the excessive volatility that is not good for markets. >> you spoke in a speech at the council on foreign relations this week about the united states and its economic problems. you point out that the united states is going through a jobless recovery. in fact, you pointed out this is another jobless recovery because the last one most people don't realize, the one in the early 2000s was also a jobless recovery. do you have a sense as to why america seems to h
if you observe the evolution of the sterling, for instance, at the time when the industrial revolution was over and europe had gone through massive wars, that took time, but gradually it's roaded. >> and in 1945 one day suddenly it was over for the sterling and the dollar replaced it. >> yeah. >> if that were to happen, would it be the euro or the yuan that would replace it? >> no idea. as i said, those are long-term movements unless there are very, very harsh...
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the point is, we live in very serious and challenging times. if somebody wants the entertainer in chief, the comedian in chief or the loudest person in the room with great speeches, that's not me. you've got to be authentic, if you look for what has this person done in terms of results on spending, on txs, health care reform the right way, all the republican candidates are going to say they can do it. i've actually done it. vote ergs are wise and discerning people. the flavor of the month comes and goes. if you look at the races over the long haul, that's going to be an important criteria. >> flavor of the month, needs to have executive experience. these are code works for michele bachmann. >> i know congresswoman bachmann, i like her, i've campaigned with her, we share many or most conservative values. the fact of the matter is, her record in congress in terms of results is nonexistent. she doesn't have the executive experience of running a large enterprise with a public component and driving it to good results. i have. >> what about passion?
the point is, we live in very serious and challenging times. if somebody wants the entertainer in chief, the comedian in chief or the loudest person in the room with great speeches, that's not me. you've got to be authentic, if you look for what has this person done in terms of results on spending, on txs, health care reform the right way, all the republican candidates are going to say they can do it. i've actually done it. vote ergs are wise and discerning people. the flavor of the month comes...
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and the country could start for the first time defaulting if no deal is reached. again, we are just a day and a number of hours away from that important deadline. so where do we stand on a deal? it seems like we're in a better spot than we were at this time yesterday. senate leaders on both sides spoke with the president and vice president throughout the day yesterday. the white house has been involved. and that involvement was key for the senate minority leader, mitch mcconnell. >> we are now fully engaged, the speaker and i, with the one person in americaof 307 million people who can sign a bill into law, i'm confident and optimist thak we'll get an agreement in the very near future and resolve this crisis in the best interest of the american people. our country is not going to default for the first time in history. that is not going to happen. we now have, i think, a level of seriousness with the right people at the table that we needed and thought we had as the speaker indicated last weekend. we're going to get a result. >> all right. both sides are negotiatin
and the country could start for the first time defaulting if no deal is reached. again, we are just a day and a number of hours away from that important deadline. so where do we stand on a deal? it seems like we're in a better spot than we were at this time yesterday. senate leaders on both sides spoke with the president and vice president throughout the day yesterday. the white house has been involved. and that involvement was key for the senate minority leader, mitch mcconnell. >> we...
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the time for compromise was weeks ago. do your jobs, congress. >> let's get out of this mess we're in regardless of who got us here and how it happened. we never defaulted on a loan and let's not start now. >> you have one side that designs plans and the other side that votes against the plan. doesn't matter what is in the plan. >> how can this happen? how can we elect, quote, career politicians, unquote, that has done nothing to prevent this situation. >> i am with the majority of the americans that work hard to repay what we borrowed. i am not defaulting or walking away from our obligations, and we're using a strict budget to make sure our payments are debt and i expect the government to do the same. >> it should be simple, a one simple statement saying it's this amount rather than that amount. the way we correct our deficit and debt is through a balanced approach and most recognize this. >> all right. we're coming up on the bottom of the hour. i want you to stick around for the our faces of faith. a lot are asking what
the time for compromise was weeks ago. do your jobs, congress. >> let's get out of this mess we're in regardless of who got us here and how it happened. we never defaulted on a loan and let's not start now. >> you have one side that designs plans and the other side that votes against the plan. doesn't matter what is in the plan. >> how can this happen? how can we elect, quote, career politicians, unquote, that has done nothing to prevent this situation. >> i am with the...
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economy seemed to be the bigger issue at that time. am i happy that the country is going broke? no. do i think that barack obama has done a good job? absolutely. i think he's done a better job than he's gotten credit for. >> you said elect sarah palin as president of the u.s. in 2012 and we'll all leave voluntarily. >> i agree. if sarah palin becomes president at any point, i with will say allegedly, i will move to canada. >> really? >> i will go further north. i've been south. i will go north. >> you will leave the country? >> i will leave the united states of america. >> why would you be so drastic? >> i like my politicians to actually have a political background, to be politically -- to know politics, to -- to actually have inherited something from working in the political world. >> why is someone like sarah palin so popular with so many people, do you think? how does she resonate with people? what is she giving them they're not getting from conventional politicians? >> you know, is it that maverickness? is it that homespun kind of
economy seemed to be the bigger issue at that time. am i happy that the country is going broke? no. do i think that barack obama has done a good job? absolutely. i think he's done a better job than he's gotten credit for. >> you said elect sarah palin as president of the u.s. in 2012 and we'll all leave voluntarily. >> i agree. if sarah palin becomes president at any point, i with will say allegedly, i will move to canada. >> really? >> i will go further north. i've been...
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we've both talked to the president today. talked to the vice president several times. i think we've got a chance of getting there. >> well, house members are gone for the day, but the senate is in session. and they could be there deep into the night. you're looking at live pictures now. right to our congressional correspondent kate bolduan. what is the latest there at the capital and does it look like senators will be casting votes after midnight? >> at the moment, any are heading towards that. i can tell you what we've been seeing all day long and you perfectly set it up right there. a lot of what we've seen today is mixed signals really coming from key negotiators in whatever kind of end game compromise will eventually come out. mitch mcconnell, the top republican in the senate key to any end game compromise announced today he is now in direct talks with the white house, speaking directly with the president as well the vice president today. he said he's been speaking with the white house all afternoon laying out what they can accept in terms of an eventual compromise
we've both talked to the president today. talked to the vice president several times. i think we've got a chance of getting there. >> well, house members are gone for the day, but the senate is in session. and they could be there deep into the night. you're looking at live pictures now. right to our congressional correspondent kate bolduan. what is the latest there at the capital and does it look like senators will be casting votes after midnight? >> at the moment, any are heading...
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and the more i focus on everything else, the less time i have to take care of me. that's why i like glucerna shakes. they have slowly digestible carbs to help minimize blood sugar spikes, which can help lower a1c. glucerna products help me keep everything balanced. [ golf clubs clanking ] [ husband ] i'm good! well, almost everything. [ male announcer ] glucerna. delicious shakes and bars. helping people with diabetes find balance. >>> we have a new finding from researchers who are studying head injuries, something we've been reporting on quite a bit. we know repeated hits to the head, for example, from football or boxing can cause a type of lasting brain damage. take a look there. it's called cte. on the left is a normal brain. on the right is a cte impacted brain. this is important. this week researchers at the university of california davis figured out a way to specifically identify this type of damage and tell it apart from similar conditions like alzheimer's. it's not going to help living patients, necessarily. it can only be detected after death. these resear
and the more i focus on everything else, the less time i have to take care of me. that's why i like glucerna shakes. they have slowly digestible carbs to help minimize blood sugar spikes, which can help lower a1c. glucerna products help me keep everything balanced. [ golf clubs clanking ] [ husband ] i'm good! well, almost everything. [ male announcer ] glucerna. delicious shakes and bars. helping people with diabetes find balance. >>> we have a new finding from researchers who are...
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do you feel the mystique after celebrity is just getting chipped away all the time? in the old days because you didn't know much about these stars and you put them on these pedestals and stuff. there was much more respect really for them. whereas now, i get the sense it is a real bear pit out there in the attitude towards famous people. >> i think respect is right. they have these tours that go up and down and you know more than you did. i believe the less you knew about a star made them a bigger star before there was the internet and tmz and perez hilton. >> the queener who always had this great quote because she was immortallized in the king's speech". she was the helen nap bonham carter character. she once said there are three rules to public life, never complain, never explain and certainly never be heard speaking in public. >> right. >> which is actually if you think about it -- >> it's impossible for us to do. >> a lot of celebrities, famous people who have a real talent could pursue that. >> if i were an actor and i didn't have to be in the public eye so much,
do you feel the mystique after celebrity is just getting chipped away all the time? in the old days because you didn't know much about these stars and you put them on these pedestals and stuff. there was much more respect really for them. whereas now, i get the sense it is a real bear pit out there in the attitude towards famous people. >> i think respect is right. they have these tours that go up and down and you know more than you did. i believe the less you knew about a star made them...
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by the time they arrived, shannon gilbert had vanished. when police came back later, they questioned the driver would took off after her. the driver told him he brought shannon from the city out to long island. police also questioned the man who was throwing the party that shannon attended. that was joseph brewer, who did not return our phone calls to speak with us about this story. police told coletti gilbert wasn't just a party guest at brewer's house. >> brewer's the one that hired this young lady to come out here. >> shannon gilbert was an escort who posted ads on craigslist. because of her work as an escort, shannon's sisters often worried about her. why did you guys come all the way down here? >> because my sister disappeared. >> when did you first know that your sister had gone missing? >> we first found out that sunday. her boyfriend called me and said that she hadn't come home in two days. >> did you have any thoughts then? >> honestly, you know, i just thought maybe she found some friends, partied for two days and then she was go
by the time they arrived, shannon gilbert had vanished. when police came back later, they questioned the driver would took off after her. the driver told him he brought shannon from the city out to long island. police also questioned the man who was throwing the party that shannon attended. that was joseph brewer, who did not return our phone calls to speak with us about this story. police told coletti gilbert wasn't just a party guest at brewer's house. >> brewer's the one that hired...
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don't let times like these stand in the way of them. protect your family with the gift of financial security. backed by the highest possible ratings for financial strength. new york life. the company you keep. energy is being produced to power our lives. while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing decades of cleaner burning energy for our country, drilling thousands of feet below fresh water sources within self contained well systems and using state of the art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment we are america's natural gas. ♪ let me make you smile ♪ let me do a few tricks ♪ some old and then some new tricks ♪ ♪ i'm very versatile ♪ so let me entertain you ♪ and we'll have a real good time ♪ [ male announcer ] with beats audio and flash, you can experience richer music and download movies straight to the new hp touchpad with webos. your n
don't let times like these stand in the way of them. protect your family with the gift of financial security. backed by the highest possible ratings for financial strength. new york life. the company you keep. energy is being produced to power our lives. while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing decades of cleaner burning energy for our country, drilling thousands of feet below fresh water sources...
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we've both talked to the president today. talked to the vice president several times.
we've both talked to the president today. talked to the vice president several times.
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every time we enter the kiln, we have to run. ♪ >> humans live in cages. monkeys run free. ♪ >> this is where i do all of my work. home sweet home. >> all the monkeys sleep right next to mama. >> yeah. life is good in the cage. >> why did you decide on that philosophy for you and your volunteers to be living in cages and the animals to be roaming free? >> i think we are working with an incredibly intelligent species here, primates, and if you acclimate them to life in a cage, i don't think they're as apt to leave. they're not as courageous. they have to break that bond of what they've lived in for three to four years. little one over here was confiscated from a hotel from tourists. came to us almost half dead. he was so dehydrated. >> come here, little guy. hello. oh, he's kissing me. these guys are small but they're some of the loudest mammals on earth. when you hear them in the forest, it is so creepy. all kinds of creatures live here. most of all, carol's favorite, monkeys. these capuchins have to be caged because of their aggression. >> they are true
every time we enter the kiln, we have to run. ♪ >> humans live in cages. monkeys run free. ♪ >> this is where i do all of my work. home sweet home. >> all the monkeys sleep right next to mama. >> yeah. life is good in the cage. >> why did you decide on that philosophy for you and your volunteers to be living in cages and the animals to be roaming free? >> i think we are working with an incredibly intelligent species here, primates, and if you acclimate...
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the vote is expected sunday afternoon at 1:00 eastern time. mitch mcconnell is negotiating with the white house. democratic leaders met with the president earlier today, as well. also in the nation's capital, teachers rallying against standardized testing. >> this is what democracy looks like. >> they marched to the white house carrying signs with slogans like children are more important than test scores. and i am not the problem. the group says emphasizing testing takes the focus away from students. actor matt damon also joined in on that rally. >>> federal agents are appealing to the public for information about assault rifles stolen from ft. irwin in california. the atf is offering a $10,000 reward for information on 26 assault rifles and one sniper rifle stolen earlier this month from an army warehouse. one weapon has been recovered and some arrests have been made. >>> dna evidence is taking center stage as young american -- a young american woman appeals for her murder conviction in italy. amanda knox was convicted of killing meredith ker
the vote is expected sunday afternoon at 1:00 eastern time. mitch mcconnell is negotiating with the white house. democratic leaders met with the president earlier today, as well. also in the nation's capital, teachers rallying against standardized testing. >> this is what democracy looks like. >> they marched to the white house carrying signs with slogans like children are more important than test scores. and i am not the problem. the group says emphasizing testing takes the focus...
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by the time they arrived, shannon gilbert had vanished. when the police came back later, they questioned the driver who took off after her. the driver told them that he brought shannon out from the city out to long island. police also questioned the man, according to the driver, was throwing the party when they left. that man was joseph brewer who did not return our phone calls to speak with us about this story. police told him gilbert wasn't just a party guest at brewer's house. >> brewer was the one that hired this young lady to come out here. >> shannon gilbert was an escort who posted ads on craigslist. because of her work as an escort, shannon's sisters sarah and sherry often worried about her. >> why did you guys come all of the way down here? >> because my sister disappeared. >> when did you first know that your sister had gone missing? >> we first found out that sunday, her boyfriend called me and said ha she hadn't come home in two days. >> did you have any thoughts? >> honestly i thought she ran off, found some friends and partie
by the time they arrived, shannon gilbert had vanished. when the police came back later, they questioned the driver who took off after her. the driver told them that he brought shannon out from the city out to long island. police also questioned the man, according to the driver, was throwing the party when they left. that man was joseph brewer who did not return our phone calls to speak with us about this story. police told him gilbert wasn't just a party guest at brewer's house. >>...
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we've both talked to the president today. talked to the vice president several times. i think we've got a chance of getting there. >> okay. so let's start on capitol hill with our congressional correspondent, kate bolduan. the parties can't agree that there's a deal near. are we back to square one? >> reporter: i think we should warn viewers, this story has and continues to just change minute by minute. i don't think it's clear yet if we're back to square one. i can tell you i think what we're seeing here is a lot of frustration on all sides on how long this has dragged on, and -- and how near the deadline i think we're getting. of course, a lot of she said/he said. and when you see mitch mcconnell saying that he has been talking to the white house all afternoon, indicating that the stalled talks that really were going nowhere in the past week are kind of -- starting up again, senate republican leadership aide saying that he was laying out for the white house what they, republicans, could accept and making the point to say that they are working. but at almost the exact
we've both talked to the president today. talked to the vice president several times. i think we've got a chance of getting there. >> okay. so let's start on capitol hill with our congressional correspondent, kate bolduan. the parties can't agree that there's a deal near. are we back to square one? >> reporter: i think we should warn viewers, this story has and continues to just change minute by minute. i don't think it's clear yet if we're back to square one. i can tell you i think...
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as we have all the time, of course. there would be no points of order in effect and we do like we do here all the time, have a vote on it right now. >> mr. president, i would like to object. these are direct quotes from my friend the majority leader. he says quote in the senate it's always been the case you need 60 votes. always been the case you need 60 votes. this is the majority leader of the united states senate. for him to suggest that a matter of this magnitude in a body that requires 60 votes for almost everything is going to be done with 51 votes makes no sense at all. in. >> mr. president. >> the objection is heard. >> first of all, it's unconscionable that be republicans would filibuster legislation and permit a default on our national obligations. frankly it's unprecedented. since 1962 congress has raised the debt limit 74 times, including 18 times under president reagan and there was never a threat of a filibuster and it was always by majority vote. >> mr. president. >> the republican leader. >> mr. presiden
as we have all the time, of course. there would be no points of order in effect and we do like we do here all the time, have a vote on it right now. >> mr. president, i would like to object. these are direct quotes from my friend the majority leader. he says quote in the senate it's always been the case you need 60 votes. always been the case you need 60 votes. this is the majority leader of the united states senate. for him to suggest that a matter of this magnitude in a body that...
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the routine matter of increasing the debt ceiling, which the congress has done many, many times over the year. >> 20 times more than that of blacks and hispanics. there is a graphic that we put on up on the screen, why did the recession hit minorities so hard, especially african-americans? >> i think it came with less of a cushion. you lose the equity in your home and your home, it's going to devastate you dramatically. i think for many white americans, it must be said that this has affected people across the board, but people of color more dramatically. it has to be said that if you came to the recession with new welt, with just the first generation of having a higher income, maybe the first generation of being a homeowner, then in fact the recession has really placed you back. a companion report that we have released here in boston, documents that this may have cost the black middle class 30 years of gains. this is a tragedy for this nation and i might add, while the pugh report talks about african-americans, the gap between americans with wealth and the rest of the nation has incr
the routine matter of increasing the debt ceiling, which the congress has done many, many times over the year. >> 20 times more than that of blacks and hispanics. there is a graphic that we put on up on the screen, why did the recession hit minorities so hard, especially african-americans? >> i think it came with less of a cushion. you lose the equity in your home and your home, it's going to devastate you dramatically. i think for many white americans, it must be said that this has...
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default for the first time in history. that is not going to happen. we now have, i think, a level of seriousness with the right people at the table that we needed and thought we had as the speaker indicated last weekend. we're going to get a result. >> reporter: you guys have both proven that you cannot do this on our own, that's going to take a bipartisan vote, how are you guys planning to work together with three days left to get something done? >> we have worked over the past three years to try to avoid this. senator mcconnell and i had a solid agreement last sunday. it was the president who derailed that agreement. and it's time for the president to tell us what he's for. it's time for the president to outline how we get out of this cul-de-sac that he's driven us into. >> could i just add? could i just add? i think we all know that if the president decides to reach an agreement with us, the democrats most of them will fall in line. he is the leader of the democratic party, he is the president of the united states. he needs to indicate what he will
default for the first time in history. that is not going to happen. we now have, i think, a level of seriousness with the right people at the table that we needed and thought we had as the speaker indicated last weekend. we're going to get a result. >> reporter: you guys have both proven that you cannot do this on our own, that's going to take a bipartisan vote, how are you guys planning to work together with three days left to get something done? >> we have worked over the past...
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tea party insist that now is the time to give in. others have been entirely unreasonable. we found one of those tea party members who we always find to be informed and reasonable about the economy. he's here to explain to us why they will not talk about tax increases after this. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade and check my investment portfolio, research stocks, and set conditional orders. wait, why are you taking... oh, i see. hey max, would it kill you to throw a guy a warning bark? [ dog barks ] you know i wanted a bird. [ male announcer ] e-trade. investing unleashed. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. >>> the stand-off over h
tea party insist that now is the time to give in. others have been entirely unreasonable. we found one of those tea party members who we always find to be informed and reasonable about the economy. he's here to explain to us why they will not talk about tax increases after this. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade...
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the stock market will do better over time, over the last 112 years, averaged about 12%. over time, the stock market will come back. >> but the real concern, especially if this nation goes into default, stock markets will take a hit and people worried about their 401(k)s and they are worried about those stocks and any other measures of wealth that you underscored. >>> that's so true. if something is going too far, it will have a big effect on the 401(k)s, military people getting paid, housing prices as far as interest rates going up. it is going to be a lot of devastating things. i do think things will get better. but in the meantime, hopefully six months from now, we won't have this conversation and the economy will get better and things will start getting better. >> eric, i love your optimism. let's hope that rubs off on everybody else. i appreciate it. thanks for coming to us from dallas. good to see you again. >>> you can get more information from eric, but go to his website at amadoconsulting.com. >>> a debt impasse in washington could hurt car dealers. advice for po
the stock market will do better over time, over the last 112 years, averaged about 12%. over time, the stock market will come back. >> but the real concern, especially if this nation goes into default, stock markets will take a hit and people worried about their 401(k)s and they are worried about those stocks and any other measures of wealth that you underscored. >>> that's so true. if something is going too far, it will have a big effect on the 401(k)s, military people getting...
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he's put in the time. ronald reagan had the debt increased during his eight years as president 18 times. he didn't spend even ten minutes with members of congress getting the debt ceiling raised. it was not an issue. only becoming an issue with the tea party driven republicans. >>. [ inaudible ] >> pardon me? >> does that need the president doesn't need to be at the table on the final round of talks this weekend? >> we'll see. can't have it both i wways. the president has always been willing to be fully engaged. thanks. >> clearly a very frustrated senate majority leader harry reid there underscoring what is at stake here, saying that we're at a crucial time in history. and he underscored that what he is proposed is a fair piece of legislation, it has been called the reid plan, lowers the debt by $2.3 trillion and says if republicans want to improve it, he says they have until midnight tonight in which to do so. let's check in with our congressional correspondent, kate bolduan, there on capitol hill. clear
he's put in the time. ronald reagan had the debt increased during his eight years as president 18 times. he didn't spend even ten minutes with members of congress getting the debt ceiling raised. it was not an issue. only becoming an issue with the tea party driven republicans. >>. [ inaudible ] >> pardon me? >> does that need the president doesn't need to be at the table on the final round of talks this weekend? >> we'll see. can't have it both i wways. the president...
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it is the best time capsule in the history of the world. it's amazing. take a look at this. ♪ >> i really love my family. >> oh, my god! >> i love football. >> do you promise to love and treasursasure each other? >> we do. >> what happened was people all over the world were invited to take videos of their lives on the same day a year ago. it was july 24th, 2010. open to everyone. and what i love is that they made cameras available in parts of the world and with that technology is not easily available. then they have the challenge of taking all these submissions, picking which ones belong and streaming it into a movie. look at how many people sent in videos wanting to be a part of this, 81,000 submissions totalling 4,500 hours of video, fred. so they spent months going through all this. and check out what made the final cut here. it's 350 different submissions, have portions of their videos in this final film. as you mentioned, it was produced by ridley scott, major hollywood power player and directed by kevin mcdonald. he joined us to talk about the fi
it is the best time capsule in the history of the world. it's amazing. take a look at this. ♪ >> i really love my family. >> oh, my god! >> i love football. >> do you promise to love and treasursasure each other? >> we do. >> what happened was people all over the world were invited to take videos of their lives on the same day a year ago. it was july 24th, 2010. open to everyone. and what i love is that they made cameras available in parts of the world and...
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we see the commercials for these all the time. they're getting cheaper and cheaper. >> when it first came out in 2011, it came out at $399. you can buy one now for $114. it's really affordable. technology is constantly changing and those prices are coming down. and that's becoming more popular. so they don't have to charge as much as they did. >> does that appeal to a lot of people who don't want to go spend $700, 800 bucks on an ipad? >> actually. the next big thing is the 3-d television. and it hasn't taken off. >> right. so that's come down about $400 in price. everyone thought it was going to boom and taken off, but it hasn't taken off as quickly as they would have liked it too. >> explain this one to me, the prepaid debit cards. >> a lot of people have challenged credit. so people are unbanked or underbanked, or they just don't trust banks or they don't bank. but you still want to be able to buy things online or over the phone, so you need that visa or mastercard logo. american express even launched a new one. you load money
we see the commercials for these all the time. they're getting cheaper and cheaper. >> when it first came out in 2011, it came out at $399. you can buy one now for $114. it's really affordable. technology is constantly changing and those prices are coming down. and that's becoming more popular. so they don't have to charge as much as they did. >> does that appeal to a lot of people who don't want to go spend $700, 800 bucks on an ipad? >> actually. the next big thing is the...
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it is time for the administration and time for our colleagues across the aisle. put something on the table. tell us where you are. [ applause ] >> that is speaker boehner before that vote. they approved his bill in the house. the boehner bill moved on to the senate and never got any traction there. they are now focusing on harry reid's proposal there. reid has floated a change to his original idea to include elements from republican plans. republican leaders could block any vote. >> the country is in crisis. this is not a time for politics as usual. i think we have shown that we are willing to give significantly in their direction. we are still waiting for speaker mcconnell -- we are waiting for speaker boehner and mcconnell to move in our direction. >> sources tell cnn that mitch mcconnell wants the white house involved in the discussions. right now, there are no plans for face-to-face negotiations. let's say hello to joe johns. we saw that vote in the house. we knew it would be doa in the senate. another vote in the house which is symbolic. we think something i
it is time for the administration and time for our colleagues across the aisle. put something on the table. tell us where you are. [ applause ] >> that is speaker boehner before that vote. they approved his bill in the house. the boehner bill moved on to the senate and never got any traction there. they are now focusing on harry reid's proposal there. reid has floated a change to his original idea to include elements from republican plans. republican leaders could block any vote. >>...
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they do this all the time, raise the debt ceiling. do you know how many times it's been raised since 1962? would you think 34 times, 74 times, or 110 times in 60 seconds i have your answer. stay with me on this cnn saturday morning. yoo-hoo. hello. it's water from the drinking fountain at the mall. [ male announcer ] great tasting tap water can now come from any faucet anywhere. introducing the brita bottle with the filter inside. -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you. >>> 13 minutes past the hour. before the break we asked you, how many times do you think the debt ceiling has been raised since 1962? it's actually been done, at least according to the congressional research service, 74 times, including ten increases since 2001. 74 times. boy, getting to 75 has been a doozy, has it not? this debt crisis? washington may be beyond your control but ways y
they do this all the time, raise the debt ceiling. do you know how many times it's been raised since 1962? would you think 34 times, 74 times, or 110 times in 60 seconds i have your answer. stay with me on this cnn saturday morning. yoo-hoo. hello. it's water from the drinking fountain at the mall. [ male announcer ] great tasting tap water can now come from any faucet anywhere. introducing the brita bottle with the filter inside. -why? -why? -why? [ female announcer ] we all age differently....
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and it is time for the administration and time for our colleagues across the aisle, put something on the table! tell us where you are! >> all right. still, that boehner bill that passed the house never got any traction in the senate. they told him, you send it over here, it's dead on arrival, and sure enough, it was. so now the senate is focusing on harry reid's proposal. now, he has floated, harry reid, floated a possible change to his original idea, to try to include some elements from republican plans. but republican leaders still could block any vote. >> so it's obviously to the world, to the united states senate, that there is now another filibuster. that's what this is. it's a filibuster to stop us from moving forward on legislation. this is a filibuster in any name that you want, it's a filibuster. so i'm disappointed. >> let me bring in our joe johns, who is on capitol hill for us today. a couple of hours, debate is supposed to get started up there, but you starting to see some activity, joe? >> reporter: really, it's mostly media people right now, quite frankly. this is -- d
and it is time for the administration and time for our colleagues across the aisle, put something on the table! tell us where you are! >> all right. still, that boehner bill that passed the house never got any traction in the senate. they told him, you send it over here, it's dead on arrival, and sure enough, it was. so now the senate is focusing on harry reid's proposal. now, he has floated, harry reid, floated a possible change to his original idea, to try to include some elements from...
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the best thing you can do in times like this when nervous is diversify. if you diversify your holdings and assets no one thing can bring you down. >> john, talk about this for a second, we've talked about the this debt discussion causing interest rates to go up. you know what, we were probably due to see interest rates going up in the longer term anyway. we have historically low interest rates. what does the person watching this show need to think about with respect to interest rates car men was mentioning. >> if you're managing your credit like the country is managing its credit you're doing it wrong and see your interest rates go up. most believe if we do default, that we will see the interest rates on our credit cards if you have a variable rate go up about 5% which means that the average interest rate of about 15% is going to go to 20%. >> wow. >> remember, ali, the card act insulates us a little bit because they can't apply that new interest rate retroactively to existing balances. however, going forward, for every thousand dollars that you choose to
the best thing you can do in times like this when nervous is diversify. if you diversify your holdings and assets no one thing can bring you down. >> john, talk about this for a second, we've talked about the this debt discussion causing interest rates to go up. you know what, we were probably due to see interest rates going up in the longer term anyway. we have historically low interest rates. what does the person watching this show need to think about with respect to interest rates car...
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and it is time for the administration and time for our colleagues across the aisle, put something on the table! tell us where you are! [ cheers and applause ] >> well, the bill which had new language requiring congress to pass a balanced budget amendment before the debt ceiling is raised was quickly rejected on the senate side. then lawmakers took up majority leader reid's debt proposal after a question from minority leader mcconnel senator reid try this. ed to get a vote on it tonight by a simple majority. minority leader mitch mcconnell refused meaning that nothing happens until sunday. >> it really is the worst possible time to be conducting a filibuster. they're forcing us to wait until tomorrow morning at -- let's see. today's still friday? until sunday morning at 1:00 a.m. to have this vote. our economy hangs on the balance. and for the first time in the history of our country, unless there is a compromise or they accept my bill, we're headed for economic disaster. >> harry reid accusing senator mcconnel of using obstructionist tactics. some republicans accusing senator reid of
and it is time for the administration and time for our colleagues across the aisle, put something on the table! tell us where you are! [ cheers and applause ] >> well, the bill which had new language requiring congress to pass a balanced budget amendment before the debt ceiling is raised was quickly rejected on the senate side. then lawmakers took up majority leader reid's debt proposal after a question from minority leader mcconnel senator reid try this. ed to get a vote on it tonight by...
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after turning pro at the age of 20 he had another bad accident and broke his back for the first time, but he recovered. two years later he was back on the track. there were more injuries. over 200 serious crashes, but he always walked away. until march 4th, 2007. he lost control on a corner during practice. >> i knew it was over. i just -- everything. just dancing. i wasn't much of a dancer. but i knew i wasn't going to be. i thought about all the things that we couldn't do or wouldn't be able to do together. >> it got worse. two weeks later his wife stacy was diagnosed with breast cancer. together they got through it. henry is partially paralyzed from the waist down. but it hasn't stopped him from competing. he's modified a snowmobile and dirt bike to race in x game competitions designed for disabled athletes and he's winning races in his new sport. henry hopes he can motivate others, whose lives have suddenly taken a detour and help them get back to doing what they love. >> i try to do as much as i can now and enjoy the day, just try to get the most out of my life. >> story of achie
after turning pro at the age of 20 he had another bad accident and broke his back for the first time, but he recovered. two years later he was back on the track. there were more injuries. over 200 serious crashes, but he always walked away. until march 4th, 2007. he lost control on a corner during practice. >> i knew it was over. i just -- everything. just dancing. i wasn't much of a dancer. but i knew i wasn't going to be. i thought about all the things that we couldn't do or wouldn't be...
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and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you when the voting is done on that. this makes the vote tonight in the house symbolic and represents a necessary step if a compromise is to be worked out in time. we'll consider all possibilities from all the angles tonight. take a look. default equals disaster, or does it? we've heard who the losers will be, but in america, one man's bankruptcy is another's billion dollar payoff. i'll ask ben stein if the worst should happens, who wins? and a balanced budget amount amendment, sounds simple. the tea party thinks some of we'll do the math and put it to the test. then, trick or tweet? the white house is a twitter urging republicans to tweet their congressman to compromise. social networking, or presidential propaganda? >> that's going to be our top story all evening long. this exciting evening at the c
and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you when the voting is done on that. this makes the vote tonight in the house symbolic and represents a necessary step if a compromise is to be worked out in time. we'll consider all possibilities from all...
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this time the country's attention is focused on it, a filibuster. a filibuster to -- from william ford on this legislation. a proposal that i put forward is a compromise. we changed it even more today. we would have changed it more, but as i indicated on the floor, we had no one to negotiate with. the republican leader said he wouldn't negotiate with me. [ cell phone rings ] i don't remember whose that is. not mine. [ laughter ] [ cell phone rings ] >> your pizza's ready. [ laughter ] >> it really is a worst possible time conducting a filibuster. they're forcing us to wait until tomorrow morning -- let's see, today's still friday, till sunday morning at 1:00 a.m. to have this vote. our economy hangs on the balance. and for the first time in the history of our country unless there is a compromise or they accept my bill, we're headed for economic disaster. it's time for republicans to step forward. there's been some movement today. as i indicated on the floor, i was having a meeting in my office this afternoon with some republicans and that fell throu
this time the country's attention is focused on it, a filibuster. a filibuster to -- from william ford on this legislation. a proposal that i put forward is a compromise. we changed it even more today. we would have changed it more, but as i indicated on the floor, we had no one to negotiate with. the republican leader said he wouldn't negotiate with me. [ cell phone rings ] i don't remember whose that is. not mine. [ laughter ] [ cell phone rings ] >> your pizza's ready. [ laughter ]...
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and for the first time in the history of our country, unless there is a compromise, or they accept my bill, we're headed for economic disaster. it's time for the republicans to step forward. there's been some movement today. we've -- as indicated on the floor, i was supposed to have a meeting in my office this afternoon with some republicans. that fell through. but we told that as they walked into a conference, three republican senators are interested in a compromise. we hear a lot of happy talk, but they need to step forward. republicans are blocking their ability to compromise. they are refusing to negotiate with us, and all they do is talk and is isn't enough to get it done. the house will hold an up-or-down vote we're told on my proposal. we should be allowed to do the same. that's all we're asking. time for us to be adults. that's what the american people wants. time to come together in a compromise. that's what the american people want, and that's what we need to do. senator durbin. >> i'm sure you recall the speech that was given to the american people on monday night by speake
and for the first time in the history of our country, unless there is a compromise, or they accept my bill, we're headed for economic disaster. it's time for the republicans to step forward. there's been some movement today. we've -- as indicated on the floor, i was supposed to have a meeting in my office this afternoon with some republicans. that fell through. but we told that as they walked into a conference, three republican senators are interested in a compromise. we hear a lot of happy...
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it is time for the administration and time for our colleagues across the aisle to put something on the table. tell us where you are. [ applause ] yes, people can be critical of what we've done but where are the other ideas? at this point in time the house is going to act and we're going to act again. it is time for our colleagues across the aisle to tell us what they're for and how we can end this crisis. >> president obama warned today that the republican bill in his words has no chance of becoming law and that the action may soon shift to the senate. time clearly is running out with america only days away from default. stock markets plunged once again today here in the united states. many americans are getting very nervous. let's go straight to our congressional correspondent, kate bolduan, standing by with the latest. we're getting ready for the final vote. we anticipate the speaker has 216 necessary for passage. is that right, kate? >> reporter: we expect that. the leadership is not predicting certain victory right now. members that we've talked to say that they have the votes. whe
it is time for the administration and time for our colleagues across the aisle to put something on the table. tell us where you are. [ applause ] yes, people can be critical of what we've done but where are the other ideas? at this point in time the house is going to act and we're going to act again. it is time for our colleagues across the aisle to tell us what they're for and how we can end this crisis. >> president obama warned today that the republican bill in his words has no chance...
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and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you wln voting is done on that. this makes the vote tonight in the house symbolic and represents a necessary step if a compromise is to be worked out in time. we'll consider all possibilities from all the angles tonight. take a look. default exwalls disaster, or does it? we've heard who the losers will be, but in america, one man's bankruptcy is another's billion dollar payoff. i'll ask ben stein if the worst should happens, who wins? and a balanced budget amount amendment, sounds simple. the tea party thinks some of we'll do the math and put it to the test. then, trick or tweet? the white house is a twitter urging republicans to tweet their congressman to compromise. social networking, or presidential propaganda? >> that's going to be our top story all evening long. this exciting evening at the capit
and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you wln voting is done on that. this makes the vote tonight in the house symbolic and represents a necessary step if a compromise is to be worked out in time. we'll consider all possibilities from all the...
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the time for compromise on behalf of the american people is now. and i'm confident that we can solve this problem. i'm confident that we will solve this problem. for all the intrigue and all the drama that's taking place on capitol hill right now, i'm confident that common sense and cooler heads will prevail. as i said earlier, we are now running out of time. it's important for everybody to step up and show the leadership that the american people expect. thank you. >> so there you have it. that was president obama speaking just this morning, and i want to update you now, just down the road from the white house along pennsylvania avenue, you have capitol hill. we told you about the vote in the house and the redraft of the boehner plan that failed last night. well, over in the senate, democratic leader harry reid has scheduled a vote to take place sunday morning, 1:00 a.m. on his part of the crisis. we have a lot to tell you. straight to bill nelson, i hope you've had good sleep. sounds like you have a long weekend, late nights ahead of you, sir. let
the time for compromise on behalf of the american people is now. and i'm confident that we can solve this problem. i'm confident that we will solve this problem. for all the intrigue and all the drama that's taking place on capitol hill right now, i'm confident that common sense and cooler heads will prevail. as i said earlier, we are now running out of time. it's important for everybody to step up and show the leadership that the american people expect. thank you. >> so there you have...
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for the republican house, well, the third time was the charm. the votes wednesday and thursday were post boned and moemtments , the gavel passed. >> the yeahs, 218, the theys, 210. the bill has passed. the motion to reconsider is laid pun the table. >> the boehner bill got 218 motes. 22 republicans voted against it and all of the democrats. just before the vote, speaker boehner blamed president obama at the talks aimed at a bipartisan deal. >> i stuck my neck out a mile and i put revenues on the table. in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are. >> here is the thing. the conservatives resulted in a bill that has no pass of passing and no chance of a cigsignature from a democratic president. >> it holds our economy captive to washington politics once again. in other words, it does
for the republican house, well, the third time was the charm. the votes wednesday and thursday were post boned and moemtments , the gavel passed. >> the yeahs, 218, the theys, 210. the bill has passed. the motion to reconsider is laid pun the table. >> the boehner bill got 218 motes. 22 republicans voted against it and all of the democrats. just before the vote, speaker boehner blamed president obama at the talks aimed at a bipartisan deal. >> i stuck my neck out a mile and i...
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wrong place at the wrong time. a lot of it stems on you have to be out of the box in terms of our thinking. also something called cease fire, a organization trying to prevent retaliation, but it's got to be fumulti-factorial, an it's every little bit helps because if we could save one child's life, you cannot imagine how much devastation follows, not just the child's life but the families and other loved ones. this is war, and truly needs to be approached like that, so every little bit helps. 1 this the end all be all, absolutely not. i think everybody on the panel will agree that's not the answer, but save one life and one life at a time, that's a start. >> all right, dr., mike shields, roland martin, thank you very much. very, very important discussion to be having. >>> senior political editor mark preston joins us live from the political desk in washington. hi, mark, what's crossing the ticker on this friday afternoon? >> randi, tradition holds it's us that hold the presidential debates and forums, we act as a f
wrong place at the wrong time. a lot of it stems on you have to be out of the box in terms of our thinking. also something called cease fire, a organization trying to prevent retaliation, but it's got to be fumulti-factorial, an it's every little bit helps because if we could save one child's life, you cannot imagine how much devastation follows, not just the child's life but the families and other loved ones. this is war, and truly needs to be approached like that, so every little bit helps. 1...
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now the time? >> yeah, as well. if you are looking to get that lower rate as well, and the problem people are having is they don't have the value in the home, and if you have the equity to refinance, definitely look at that. >> we will have a quick break and talk about buying gold afterwards. lots of questions we have for you. >>> you heard about the gold prices going up. we're going to see if this is a good time to buy gold and precious medals. more with collide in a second. s. citracal. something that was drilled in me early on, you know, college is the place for you. it's my number one goal. ♪ students like me, who take these ap math and science classes and have these opportunities, this is where the american dream lies. when i write that book, you know, i plan to dedicate it to my school. ♪ those hopes and dreams that you have, you know, they're within reach. and i'm living proof. the chevy cruze eco offers an epa estimated 42 miles per gallon on the highway. how does it do that? well, to get there, a lot of
now the time? >> yeah, as well. if you are looking to get that lower rate as well, and the problem people are having is they don't have the value in the home, and if you have the equity to refinance, definitely look at that. >> we will have a quick break and talk about buying gold afterwards. lots of questions we have for you. >>> you heard about the gold prices going up. we're going to see if this is a good time to buy gold and precious medals. more with collide in a...